This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Caprice buys a painting on his credit card for $14 990. She pays her credit card in full 3 days ... (Read 520 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
on: Jun 6, 2019

Question 1

Leonard buys a painting on his credit card for $14 990. He pays his credit card in full within the grace period of 11 days using his secured line of credit, which charges him prime (3%) plus 1%. He repays his loan in 168 days. If his credit card company charges him a rate of 28% after the grace period, what is the total amount of interest paid on the purchase of the painting?
◦ $402.47
◦ $0
◦ $275.98
◦ $126.49
◦ $206.99

Question 2

Caprice buys a painting on his credit card for $14 990. She pays her credit card in full 3 days after the grace period of 11 days using her secured line of credit, which charges her prime (3%) plus 1%. She repays her loan in 168 days. If her credit card company charges her a rate of 28% after the grace period, what is the total amount of interest paid on the purchase of the painting?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tnt_battle on Jun 6, 2019

gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


tnt_battle

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 6, 2019
Thanks


gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #3 on: Jun 6, 2019
Welcome :)


Lamp light

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Feb 5, 2022
Thank you


Anmol Babbar

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Feb 7, 2022
Thank you


Gurnoor Kaur

  • Newbie
  • *
  • Posts: 1
Reply #6 on: Feb 8, 2022
Thank u


« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Richmond, Virginia, lies in ruins in April 1865 at the time of Lincoln’s visit—and a few days before Richmond, Virginia, lies in ruins in April 1865 at the time of Lincoln’s visit—and a few days before
Hang the canister from the vehicle’s hood and adjust the air pressure regulator to full OPEN ... Hang the canister from the vehicle’s hood and adjust the air pressure regulator to full OPEN ...
The effect of a few days of early monocular deprivation on the structure of axons projecting from ... The effect of a few days of early monocular deprivation on the structure of axons projecting from ...
Full Tenderloin Full Tenderloin
An 1809 painting showing a wounded soldier as he lay dying of tetanus in a military hospital An 1809 painting showing a wounded soldier as he lay dying of tetanus in a military hospital
Draw a full and complete mechanism for the following reaction shown below. Draw a full and complete mechanism for the following reaction shown below.
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library